1840 $1 PR62 PCGS. CAC. The Seated Liberty design was
introduced on silver dollars in 1840, and an unknown, but
undoubtedly small, number of proof examples was struck for
collectors. Experts estimate the initial mintage at 20-30 pieces,
but Walter Breen believed additional specimens were struck at a
later date. The existence of restrikes is controversial, and
population data coincides well with the initial estimate, when
adjusted for resubmissions and crossovers. Currently, PCGS has
certified only this specimen in PR62, with nine finer, while NGC
has graded five examples in PR62, with 20 pieces finer (9/11).
The present coin is a sharply detailed PR62 example, with
spectacular dark apricot toning covering both sides. The surfaces
are moderately reflective, typical of the proofs of this era,
underneath the toning.Ex: The Queller Family Collection of Silver Dollars (Heritage,
4/2008), lot 2137, realized $17,825.(Registry
values: N7079) (NGC ID# 24ZP, PCGS# 6981)